Precision Drilling Corp, founded in 1951 and headquartered in Calgary, Alberta, is a leading provider of drilling services and products for the oil and gas industry, serving both onshore and offshore sectors. The company specializes in advanced drilling technologies, rental services, and well servicing, positioning itself as a key player in optimizing drilling efficiency and safety.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PDCN 6.88% 2029-01-15 USDPrecision Drilling Corp | Canada | 2029-01-15 | 6.875 | 6.24 |
| PDCN 6.88% 2029-01-15 USDPrecision Drilling Corp | Canada | 2029-01-15 | 6.875 | 6.63 |
| PDCN 7.13% 2026-01-15 USDPrecision Drilling Corp | Canada | 2026-01-15 | 7.125 | 6.95 |
| PDCN 7.13% 2026-01-15 USDPrecision Drilling Corp | Canada | 2026-01-15 | 7.125 | 6.95 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Precision Drilling has a history of strategic bond issuances to support its operational growth and investment strategies. The firm first began issuing bonds in the early 2000s, with significant issuances in 2014, which funded acquisitions and expansion initiatives. Currently, Precision Drilling's bonds are notable for their competitive yields compared to industry peers, driven by strong demand and a resilient balance sheet. Additionally, recent news highlights the company's successful issuance of sustainability-linked bonds, aligning with environmental goals while attracting a broader investor base.